Form 4: Travel & Leisure Co. Director Michael H. Wargotz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Michael H. Wargotz reports acquisition of common stock and deferred stock units in Travel & Leisure Co.
Summary
- On April 25, 2024, Michael H. Wargotz acquired 1,125 shares of common stock.
- On July 25, 2024, Michael H. Wargotz acquired 1,236 shares of common stock.
- These acquisitions were due to deferred stock units issued for dividends.
- Each deferred stock unit entitles the reporting person to receive one share of common stock following retirement or termination of service from the Board of Directors.
- Following these transactions, Wargotz beneficially owns 112,463 shares of common stock, including previously reported deferred stock units, restricted stock units, and shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not inherently convey positive or negative sentiment. It simply reports transactions.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to insider trading and is a standard practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The change in beneficial ownership may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Acquisition of 1,125 shares of common stock. |
| 07/25/2024 | Acquisition of 1,236 shares of common stock. |
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